Warren Buffett Sold 29% of Bank of America and Bought This Consumer Stock for 4 Consecutive Quarters

By Bram Berkowitz – Feb 18, 2026 at 10:00PM ESTKey PointsGiven the way Berkshire Hathaway invests in stocks, many of Warren Buffett's investments will be held for years.Buffett is widely viewed as one of the greatest value investors ever.In recent years, Berkshire has seemingly soured on the banking sector and looked elsewhere for returns.We’re bullish on these 10 stocks ›NASDAQ: DPZDomino's PizzaMarket Cap$13BToday's Changeangle-down(2.54%) $9.49Current Price$382.99Price as of February 18, 2026 at 4:00 PM ETWhile Warren Buffett is no longer CEO of Berkshire Hathaway, he made several investments in the years leading up to his departure.Although Warren Buffett has stepped down as the CEO of Berkshire Hathaway, the Oracle of Omaha remains chairman of the company's board of directors. Additionally, Buffett's legacy is likely to persist through the countless values he taught the Berkshire team and also through investments Buffett led in Berkshire's massive equities portfolio. Berkshire likes to buy and hold stocks long-term, so it's likely that many of the stocks Buffett chose to purchase will remain in the portfolio for many years, if not longer. In his final few years as CEO, Buffett sold 29% of Berkshire's large stake in Bank of America and piled into consumer stock Domino's Pizza (DPZ +2.54%) for four consecutive quarters. Image source: The Motley Fool. Berkshire eyes potential in Domino's Berkshire and Buffett were longtime fans of banks, until seemingly the pandemic. In this challenging time, Berkshire dumped most of its large bank holdings, but held on to a select few, including Bank of America, which remained one of Berkshire's top positions. Since the third quarter of 2024, Berkshire has sold 29% of its position in the stock. At the end of the third quarter of 2025, Bank of America still remained the third-largest position in Berkshire's portfolio. Large bank stocks have performed well more recently, but investors are now starting to have concerns about valuations and have sold this subsector to start 2026. Still, if you are looking for a way to play potential rotation and not be overly exposed to artificial intelligence, banks aren't a bad place to be. As mentioned earlier, while selling Bank of America, Berkshire purchased shares of the popular pizza chain Domino's Pizza for four consecutive quarters. At the end of the third quarter of 2025, Berkshire held close to $1.3 billion of the stock. ExpandNASDAQ: DPZDomino's PizzaToday's Change(2.54%) $9.49Current Price$382.99Key Data PointsMarket Cap$13BDay's Range$372.04 - $384.3252wk Range$370.70 - $500.55Volume842KAvg Vol664KGross Margin39.81%Dividend Yield1.86% Domino's has actually struggled over the past year, with its stock down by more than 21%. The company, which has a large delivery network of its own, has faced competition from other food-delivery companies while also dealing with inflation, labor shortages, and high labor costs. However, it's not uncommon for Berkshire to buy stocks early because of its ability to hold positions long-term. Domino's has also been a highly resilient company over the years, thanks to pizza's recession-proof nature and the company's ability to grow and capture market share. Domino's is also a tech-forward company with a well-designed app and delivery that's generally considered fast. Management plans to turn things around through a combination of initiatives, including offering value at a time when consumers are price-conscious, rolling out new menu items, and focusing more on profitable growth.Read NextFeb 18, 2026 •By Sean WilliamsMeet the Stock Warren Buffett Purchased for 6 Consecutive Quarters Leading Up to His Retirement (No, It's Not Shares of Berkshire Hathaway)Feb 2, 2026 •By Sean WilliamsInvesting Legend Warren Buffett Sold 45% of Berkshire Hathaway's Bank of America Stake and Bought Shares of This Consumer Favorite for 5 Consecutive Quarters Before RetiringJan 15, 2026 •By Lawrence Rothman, CFAThis Ridiculously Cheap Warren Buffett Stock Could Make You RicherDec 13, 2025 •By Parkev Tatevosian, CFAShould Investors Buy Domino's Stock Before 2026?Dec 10, 2025 •By Justin PopeCan Domino's Pizza Kick Back Into High Gear in 2026?Dec 6, 2025 •By Jennifer SaibilWhat to Know Before Buying Domino's StockAbout the AuthorBram Berkowitz is a contributing Motley Fool stock market analyst covering financials, technology, consumer goods, and macroeconomic trends.

Before The Motley Fool, Bram worked in equity research covering bank stocks and as a reporter for local publications. He holds FINRA Series 7 and 66 licenses, as well as a bachelor’s degree in business with a minor in economics from Syracuse University.TMFBramX@BramBerkoStocks MentionedDomino's PizzaNASDAQ: DPZ$382.99 (+2.54%) $+9.49*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.